DRILLING

Japanese strike gas in Timor Sea block

Japan's INPEX Corporation, which is 50% owned by state enterprise Japan National Oil Corporation, has confirmed a large natural gas accumulation in an offshore block in the Timor Sea, Indonesia.

The block, Masela PSC, is located about 800 km east of the Indonesian city of Kupang, and 400 km north of Darwin.

INPEX's two appraisal wells, Abadi-2 and Abadi-3, tested a total 32.4 million cubic feet a day of natural gas or 5,600 barrels a day of crude oil equivalent.

The major Japanese oil and gas producer acquired 100% of the development rights on the Masela block in 1998 from Indonesia's state-owned Pertamina under a production sharing contract.

INPEX's Indonesian unit, INPEX Masela, is the operator of the block.

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